Overview
- ARK ETFs bought 157,731 Alibaba shares across ARKK, ARKW, and ARKF for about $26.2 million as the stock fell roughly 3% that day.
- Funds added 14,531 Baidu shares worth approximately $1.9 million, split between ARKK and ARKQ.
- ARK reduced its social media exposure by selling 40,000 Reddit shares for about $8.2 million across ARKW and ARKF.
- Healthcare and communications were pared with sales of 108,664 Exact Sciences shares for roughly $7.2 million and 192,986 Iridium shares for about $3.2 million.
- Selective biotech buying continued with 39,250 CRISPR Therapeutics shares (~$2.1 million), 17,654 Tempus AI shares (~$1.3 million), and 15,743 Twist Bioscience shares.